Gene Simmons of KISS Accepts Crypto for his Home in Vegas

Gene Simmons of KISS Accepts Crypto for his Home in Vegas

The rock legend, known by his stage name as the Demon, Gene Simmons is selling his mansion in Nevada at the Ascaya private community.

Despite the recent market crash, the interest and demand for cryptocurrencies have only elevated over the past couple of weeks. While celebrities are known to sell off their real estate at some point, there haven't been many that would take cryptocurrencies as payment.

However, the world-renowned bassist of the legendary rock group KISS Gene Simmons announced that he will be selling his estate for $13.5M, offering crypto payment options that include BTC, ETH, LTC, UNI, DOT, AAVE, and TRY.

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In an interview with a rock news agency Blabbermouth, the rock icon told reporters that he was always a huge advocate for digital assets, stating:

"It is the future of money, and it just makes sense to offer interested parties the option of using cryptocurrency to purchase the estate."

Simmons’ home is a three-story, 11 square foot mansion that has 6 bedrooms, 11 car garage spaces, a stunning view of the valley of Vegas, multiple entertainment places such as a private bar and a personal theater.

According to Evangelina Duke-Petroni, who is the broker of the mansion, the real estate is eligible for sale in crypto, but buyers will have to pay taxes and commissions of the purchase in fiat currency. 

Gene Simmons told interviewers at a local news agency Review-Journal that his motivation for selling the estate in crypto was not to increase the number of potential buyers, but to make it more accessible.

While the rock legend has been dabbling with cryptocurrencies since 2017, it seems that Simmons hasn’t yet jumped on the NFT craze. Earlier in January of 2022, one Youtuber sold his Lamborghini Huracan Evo to purchase a Bored Ape Yacht Club NFT for $262K.

Dom Z. - Crypto Analyst

by Dom Z. - Crypto Analyst, BitDegree


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